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Irish Retail at a Glance

Irish Retail at a Glance

Posted by Maëlle Le Ruyet on Apr 18, 2018 11:33:57 AM

CPM, Ireland’s leading field sales company, takes a look at the Irish retail news for this week. This is a one-stop shop for all your Irish retail news. If you would like to receive our monthly newsletter which will include all Retail articles for the previous month, including "Retail at a Glance" subscribe today.

 

Online outperforms face-to-face shopping in March: Visa index

Online spending showed a solid expansion of +2.7%, outperforming Face-to-Face expenditure in March, according to Visa’s Irish Consumer Spending Index. The report which measures expenditure across all payment types (cash, cheques and electronic payments), signalled…

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Research shows almost 3 in 10 Irish adults cook from scratch

Across the adult population there has been an increase in the proportion who are cooking the majority of their meals from scratch as almost 3 in 10 (29%) of those who are cooking from scratch. The adults who claim this said that they increased their frequency of doing so year…

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Vegan takeout orders on the rise in Ireland

Irish customers are ordering more plant-based food than ever before in 2018, according to international food delivery service Just Eat. In a press release, the company revealed the top trends that Irish customers are ordering in 2018 so far. Orders for “vegetarian food” have…

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Irish companies spent €491m on digital advertising last year

Irish companies spent 10pc more on digital advertising in 2017 than the previous year, according to the most recent Online Ad Spend study from IAB and PwC. Firms spent €264m on mobile advertising, while desktop ads received funding of €227m – a total of €491m.

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John McGee: Low-sugar ad rush as tax strikes soft drinks firms

For the past 12 months or so, anybody working in the marketing department of a soft drinks manufacturer in Ireland or the UK will have been counting down the days to the introduction of the sugar tax while weighing up the impact it might have on their brands. In a bid to deal…

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Fizzy drink makers respond to incoming sugar tax by slashing sugar in sodas by a fifth before tax curb kicks in

Fizzy drinks have become healthier due to the sugar tax — even before it has been brought in, the Irish Sun can reveal. Manufacturers have responded to the Government’s move by cutting sugar in sodas by a fifth. Low or no calorie options are also now the first choice for…

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Milk industry hits out at below-cost selling

The president of the Irish Creamery Milk Suppliers’ Association, Pat McCormack, has hit out at supermarket price wars, stating that if the corporations want to take part in such actions, they should do it using their own resources. McCormack was responding to the proposals…

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Increase in Irish sales helps Tesco profits pass £1.6bn (€1.8bn)

Tesco reported its ninth consecutive quarter of like-for-like sales growth in the three months to February 24 as sales at the grocery giant topped £51bn (€58bn) worldwide for the year. Group operating profit before exceptional items increased a massive 28.4pc to £1.6bn…

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Fresh food helps to lift Tesco's Irish sales to €2.57bn as group profit soars

Tesco's sales in Ireland, including fuel, rose 3.6pc to €2.57bn in its last financial year, helped by its "competitive price position", according to the retailer. The Irish unit posted like-for-like sales growth, excluding fuel, of 2.7pc. Tesco is again vying to be the biggest grocery retailer…

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Avantcard in Tesco Irish credit card swoop

Avantcard has reached an agreement with Tesco Bank to acquire the UK retail giant's Irish credit card portfolio, subject to regulatory approval. Existing Tesco Bank customer accounts will be migrated to the Avantcard platform when the integration is complete.

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Aldi Ireland achieves Bord Bia Origin Green accreditation

Aldi Ireland announced on Thursday that it has become a verified member of Bord Bia’s national sustainability programme Origin Green. Aldi has signed up to the Origin Green sustainability charter and developed a comprehensive sustainability plan that sets out key…

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SuperValu products to go on sale in Bahrain in €5m deal

SuperValu and Centra owner Musgrave has agreed a €5 million export deal with a Bahrainian high-end supermarket group. The deal with Alosra, the grocery retail subsidiary of the Bahrain-listed BMMI, will see Musgrave supply a selection of products from its SuperValu and…

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Iceland supermarkets to ban palm oil in own-brand products

The Deeside-based chain - the first major UK supermarket to ban palm oil - said it was used in more than half of its products, from biscuits to soap. Iceland said growing demand for the oil was devastating tropical rainforests across southeast Asia. The frozen food specialist…

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UK and Irish shops owner Hammerson rejects bid

French shopping centre owner Klepierre raised its takeover offer for rival Hammerson, but the London-listed company said it still undervalued its worth and advised shareholders to reject it. Hammerson said the proposed offer, made up of 50% in new Klepierre shares and the rest…

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Ikea livens up homes with new Ghosts ad

Swedish home furnishing retailer IKEA has launched a new campaign for Ireland and the UK, urging consumers to express their personality and style through home interiors. The campaign uses the insight that while for many people in these islands our homes look similar, there is…

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Amazon’s Irish subsidiaries post mixed fortunes

On-line retailer Amazon’s key Irish subsidiaries had mixed fortunes last year. Accounts for both companies show. Amazon CS Ltd, the tech giant’s Cork-based customer service operation, lost €3.3 million, while Amazon Data Services Ireland Ltd, which provides web…

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Dubray books profits amid confidence on outlook

Accumulated profits at one of the country’s best-known booksellers, Dubray Books increased to over €1.38m last year. Tapping an increase in book sales, the cash pile at Dubray Books Ltd jumped from €676,819 to €893,096 in the 12 months to the end of August.

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Arnotts in line for €11m refurbishment funded by Selfridges

Selfridges Group is to pump €11 million into its Dublin department store, Arnotts, to fund a refurbishment and an upgrade of its technology systems. The store works will include a total overhaul of the beauty hall that fronts on to Henry Street, as well as new restaurant facilities.

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'Unseasonably warm weather' impacts on Primark sales

Like-for-like sales at Primark – the trading name for Penneys outside of Ireland – declined by 1.5pc in the six months to 3 March, with sales impacted by "unseasonable warm" weather in October, the group said. Despite the decline in sales, operating profit in the retail division…

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Investments in food and coffee for Maxol stores

Freshly Chopped has opened its ninth outlet in a Maxol service station, this time at the busy Mespil Road outlet just off Baggot Street in Dublin. This follows an investment of €330,000 and the creation of six new jobs, bringing the total number employed at the Maxol station to…

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Sam McCauley kicks off €50m pharmacy acquisition spree

Pharmacy chain Sam McCauley has embarked on a €50m acquisition spree that will double the size of its business over the next three years, this newspaper has learned. The company - which owns and operates more than 30 retail pharmacies nationwide - confirmed that it has just acquired two…

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A taste of retail success

The road trip took place last month (March) and the group had an interesting and instructive trip discovering more about Northern Ireland’s best independent retailers. The tour was led by John Heagney, independent retail expert and lead judge at the Retail Industry Awards.

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Tesco stores in Louth to host 'Great Irish Bake'

On Friday, 20th April, Tesco stores in Louth will host a Great Irish Bake to raise funds for their national charity partner, Temple Street. Now in its fourth year, Tesco Ireland’s 150 stores nationwide will be hosting Great Irish Bake cake sales with the aim of raising €100,000 for…

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Lidl now fastest growing supermarket in NI as it increases share of spending to 7%

Discount supermarket Lidl is Northern Ireland's fastest-growing supermarket with a 7% increase in its share of grocery spending here, latest figures show. And overall, research organisation Kantar Worldpanel said Northern Ireland consumers had boosted their…

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Retail sector struggling to deal with tough market conditions

There was further gloom for the retail sector yesterday with the news that Carpetright is to close five stores in Northern Ireland. As part of a rescue deal to save the business, the firm plans to shut 92 stores and cut 300 jobs across the UK although it is not clear how many…

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Topics: irish retail, irish retailers news, Retail Ireland, retail news, retailers ireland, Northern Ireland